BTC is currently trading around $97,100 and ETH around $3,600. Notable gainers in the last 24 hours are VIRTUAL, ALGO, and HYPE. The global crypto market cap is $3.53T, up 0.5% over the last day. DeFi Total Value Locked is ~$124b and BTC dominance is around 58%.
Notable news includes: Japanese Prime Minister Ishiba reorganized his party’s web3 and crypto policy units; Hong Kong eliminated crypto capital gains taxes for hedge funds; the Hong Kong Monetary Authority introduced a subsidy program to encourage the issuance of tokenized bonds; Taiwan tightened crypto regulations with new AML rules; the European Parliament approved commissioners who will monitor regulations around digital assets; Elon and Vivek will meet with Congressional leaders on December 5 as part of their Department of Government Efficiency efforts; Trump’s team interviewed former Commissioner Paul Atkins for the SEC Chair role; Russian President Putin signed a law designating digital assets as property for use in foreign trade settlements; Russian lawmakers approved a bill that will see miners pay a 13-15% tax on revenue; Bitcoin miner MARA purchased ~$615m of Bitcoin; MetaPlanet raised $62m to buy Bitcoin; Bitcoin miner IREN revealed it had received interest from an AI firm and mentioned the potential to pay a dividend in BTC; Schuman Financial launched its Euro-backed EURØP stablecoin; MetaMask added support for crypto purchases via Venmo; ETH futures open interest hit an all-time high; Ethereum DeFi TVL hit a two-year high; Curve launched a scaled-back and open source version of its protocol called Curve-Lite; HyperLiquid’s native token debuted at a $4.2b FDV; TON unveiled a cross-chain bridge with Bitcoin; memecoin launchpad pump.fun has earned $78m in November so far; SingularityNET partnered with Mina for privacy-focused decentralized AI; and, Justin Sun ate the banana that was part of the conceptual artwork Comedian that he purchased for $6.2m.
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Author:
Brian Rudick, Head of Research | Twitter, Telegram, LinkedIn
Carlos Guzman, Research Analyst | Twitter, Telegram, LinkedIn
Toe Bautista, Research Analyst | Twitter, Telegram, LinkedIn
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